We can continue to think of the story of the last forty years as the rising global reach of neoliberalism, and this hermeneutic explains a lot—nearly everything, in fact.
Jean Baudrillard termed hyperreality—a network of surface appearance so densely configured and mediated through the manipulation of images as to displace our sense of what’s real. What we think of as the financial system is something that resides only on the surface
And thanks to this same networked mutually reinforcing matrix of digital age capital, the traditional lessons of punctured asset bubbles also failed to take hold in the wake of the mortgage sector’s implosion. Capital demanded austerity, even as every sane measure of a sustainable mass recovery cal…
People are rewarded with large financial bonuses and promotions for academic and business trips, and therefore learn to crave them, and to crow about how many they’ve been on. The assumption is that travel is automatically fun, worthwhile, and enviable: a status symbol. But really all that’s happen…
